This act has potential

The latest national jobs report provides good evidence that what the federal government has been doing over the last year isn’t working and may actually be making the economic climate worse.

Already-bloated government payrolls have increased with thousands of temporary census takers, but the private sector shows a declining number of jobs in recent months. Given the current crisis in the Gulf states and the economic reality of many nearly bankrupt state governments, this is an ominous trend.

This is why two members of Congress, Jim Jordan, R-Ohio, and Jason Chaffet, R-Utah, have introduced the Economic Freedom Act. They believe it will unleash the power of America’s private-sector economy. It would terminate the TARP and repeal the remaining stimulus.

It would also reduce the payroll tax by half, eliminate the capital-gains tax, reduce the corporate-tax rate and eliminate the death tax. These are logical actions and policies that have the potential to actually create real jobs.